Paraguay's National Tax Agency (DNIT) has issued Resolution 47/26, requiring cryptocurrency platforms and related entities to report user transaction data to tax authorities. This includes wallet addresses, transaction hashes, and network details. The regulation applies to Bitcoin and other crypto transactions, integrating them into the tax reporting system. Transactions involving donations, inheritances, or NFTs exceeding $5,000 annually must also be reported. The measure aims to enhance tax oversight and align with FATF anti-money laundering recommendations.
Paraguay Mandates Crypto Platforms to Report User Transactions
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